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Wealth equivalents, risk aversion and the marginal benefit from increased safety

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Wealth equivalents, risk aversion and the marginal benefit from increased safety


Published May 1974
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Title from cover

"Prepared for: Office of Naval Research, Arlington, Virginia 22217"--Cover

"May 1974"--Cover

"NPS-55XB74051"--Cover

Author(s) subject terms: Wealth equivalents, safety decisions, risk aversion

Includes bibliographical references (p. 16)

Technical report; 1974

In the paper it is shown that if a wealth equivalent to an undesirable event exists, then the assumption of risk aversion has strong and interesting implications for safety decisions. In addition, the authors set forth sufficient conditions for the existence of a wealth equivalent to a nonmonetary and undesirable event. (Author)


Publisher Monterey, California : Naval Postgraduate School
Pages 28
Language en_US
Call number ocn428441604
Digitizing sponsor Naval Postgraduate School, Dudley Knox Library
Book contributor Naval Postgraduate School, Dudley Knox Library
Collection navalpostgraduateschoollibrary; fedlink; americana
Notes No title page found. No copyright page found.

Full catalog record MARCXML

[Open Library icon]This book has an editable web page on Open Library.

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